Whether you are buying or renovating a home, Gordon's Homes Sales can help you arrange a Mortgage or Chattel Loan through banks, credit unions and other lenders . If you qualify for CMHC (Canada Mortgage and Housing Corporation) insurance, loans can be for up to 95% of the purchase price and for terms up to 25 years.
The loan for a home that is "affixed" to land (like other houses, townhouse, condos etc.) will be a regular mortgage.
A home that is placed on a lease/rental site in a community (park) will have a chattel loan for the house alone - CMHC CLIP insured loan rates will be comparable to mortgage rates.
For details about financial assistance, please contact us today. We would be proud to be your modular home dealer of choice.